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Auction Details

Legal Address: 115 & 117 12TH STREET SE WASHINGTON DC 20019

Property Geocode:

Sale Date: 2026-02-24

Sale Time: 12:30 PM

Online Views: 41

Publication

TRUSTEES' SALE

OF REAL PROPERTY

COMPRISING 4 STORY AND 3 STORY BRICK RESIDENTIAL APARTMENT BUILDINGS UNDER CONSTRUCTION

115 AND 117 12th street, s.e.

WASHINGTON DC 20019

LOTs 0101 and 0102, square 0989

open house: the property is available for viewing february 4, 2026 from 10:00 am to 4:00 pm. please contact paul barry 781-783-1759 or jeff geifman 301-461-6871 with any questions

By virtue of that certain Deed of Trust and Security Agreement dated as of January 12, 2023 and recorded among the land records of the District of Columbia as Document No. 2023003219 (the “Deed of Trust”), defaults having been made in the payment of the debt secured thereby and the covenants contained therein, and being instructed to do so by the party secured by the Deed of Trust (the “Noteholder”), the undersigned Trustees, any of whom may act, will on February 24, 2026, at 12:30 p.m., at the offices of Harvey West Auctioneers, 5335 Wisconsin Avenue, NW, Suite 440, Washington, D.C. 20015, offer for sale at public auction to the highest bidder the real property more particularly described as:

Lot 101, Square 989 in subdivision made by 115 12th ST SE LLC, as per plat recorded in the Office of the Surveyor for the District of Columbia in Liber 221 at folio 53.

AND

Lot 102, Square 989 in subdivision made by 115 12th ST SE LLC, as per plat recorded in the Office of the Surveyor for the District of Columbia in Liber 221 at folio 93.

TOGETHER WITH any and all buildings, structures, improvements or appurtenances now erected on the above-described land, including, without limitation, all equipment, apparatus, machinery and fixtures of any kind or character forming a part of said buildings, structures, improvements or appurtenances, and any furniture, furnishings, equipment, machinery and other personal property owned and located in, upon or about the above-described land and any buildings thereon all as more particularly described in the aforesaid Deed of Trust (the “Property”).

Terms of sale: ALL CASH. The bid that yields the highest price for the Property will be accepted by the Trustees (unless the sale is postponed or cancelled), and all bids will be provisional until acceptance.

To be qualified to bid, all bidders other than the Noteholder or an affiliate thereof must deliver to the Trustees at the time of sale a bidder’s deposit of $100,000 by certified check, cashier’s check, or wire transfer. The Noteholder or an affiliate thereof may apply the outstanding amount of the debt under the Note as a credit to its bid.

Closing will be held on or before thirty (30) days after sale; time being of the essence. The Trustees reserve the right to extend the date of closing as may be necessary to complete arrangements for the closing. Upon purchaser’s default, the deposit shall be forfeited, and the Property may be resold at the risk and costs of the defaulting purchaser. After any such default and forfeiture, the Property may, at the discretion of the Trustees, be conveyed to the next highest bidder whose bid was acceptable to the Trustees. Such forfeiture shall not limit any liability of the defaulting purchaser or any rights or remedies of the Trustees or the Noteholder with respect to any such default.

The Property shall be sold “AS IS” and “WITH ALL FAULTS.” None of the Trustees nor any Lender-Affiliated Party, nor any of their respective agents, employees, successors, or assigns (all of the foregoing, collectively, “Releasees”) make any representations or warranties with respect to the Property including, without limitation, representations or warranties as to the structural integrity, physical condition, construction, workmanship, materials, habitability, compliance with applicable zoning regulations, fitness for a particular purpose or merchantability of all or any part of the Property. The purchaser recognizes and agrees that any investigation, examination, or inspection of the Property being sold is within the control of the owner or other parties in possession and not within the control of the Releasees.

Without limiting the generality of the foregoing, the Property will be sold without representation or warranty as to the environmental condition of the Property or the compliance of the Property with federal, state, or local laws and regulations concerning the purchase or disposal of hazardous substances. Acceptance of the deed and bill of sale to the Property shall constitute a waiver of any claims against each and all of the Releasees, concerning the environmental condition of the Property including, but not limited to, claims arising under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, and/or state or local law, ordinances or regulations. The purchaser shall be required to sign a sale memorandum waiving any cause of action it may have against the Releasees, for any condition of the Property that may not comply with any federal, state or local law, regulation or ruling including, without limitation, any laws, regulations and rulings relating to environmental contamination or hazardous wastes. Such agreement shall also provide that if, notwithstanding such agreement, a court of competent jurisdiction should permit such a claim to be made against any Releasee(s), such agreement shall serve as the overwhelming primary factor in any equitable apportionment of response costs or other liability. Nothing in this paragraph shall release, waive, or preclude any claims the purchaser may have against any other person with respect to the Property.

Risk of loss or damage to the Property shall be borne by the purchaser upon and after the strike down of the bid at the foreclosure sale. At closing the purchaser shall pay all closing costs including, but not limited to, the preparation of the Trustees deed, all taxes and recording costs assessed thereon including, but not limited to, the grantor’s tax, settlement fees, survey fees, title examination charges and title insurance premiums. Real estate taxes prorated through the day prior to the foreclosure will be paid by the Trustees. Purchaser shall be responsible for all real estate taxes accruing on the Property on and after the date of the sale. The Trustees will not deliver possession of all or any part of the Property being sold.

The Trustees reserve the right to amend or supplement the terms of sale by verbal announcements during the sale, to modify the requirements for bidders’ deposits, to reject any and all bids, to withdraw all or part of the Property from the sale prior to the commencement of bidding, to postpone the sale, and to conduct such other sales as the Trustees may determine in their discretion. If the Trustees cannot convey title, the purchaser’s sole remedy shall be a return of deposit. Further particulars may be announced at the time of sale.

Without limiting any aspect of the terms hereof regarding the Trustee and Noteholder making no representation or warranty about the Property, the Noteholder states that the Property is described generally as a twenty-one unit apartment building that is vacant and in shell condition that is intended to contain 11,945 square feet of net rentable area situated on two parcels of land totaling 4,173 square feet.

Blake W. Frieman,

Trustee

For information contact:

Blake W. Frieman

Bean, Kinney & Korman, P.C.

2311 Wilson Blvd., Suite 500

Arlington, Virginia 22201

703-525-4000

bfrieman@beankinney.com

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